Bridge Loans in Mercer Island, Washington

There are 50 hard money lenders serving Mercer Island, WA. The mean note amount is $359,375. Rates on private loans issued to Mercer Island investors average around 10.8%. The typical length for notes is 18 months. The average origination for loans is 3.4 percent. Lenders in Mercer Island average a 74% loan to value (LTV) on their deals.

Loan Example 1

Brook View Investment Corporation makes a private money bridge loan to Lillian for a rehab project in the Dunlap neighborhood of Mercer Island, WA, on a house that is listed for $310,000. The borrower will need to fund 45% of the purchase price in cash to closing based on a 55% loan-to-value set by the lending company. This makes the loan principle from Brook View Investment Corporation $170,500. The interest rate on the loan is 8% for a length of 12 months and the company requires a one point origination fee at closing. The interest payments are to be paid on a monthly basis and the principle amount will be repaid after the sale of the property.

On top of the $1,705 origination fee, Lillian will also have to fund $139,500 of the purchase with her own funds, or 45% of the purchase price. After the deal is closed and Lillian takes on the project, she will have to begin making payments each month of $1,137 to Brook View Investment Corporation ($170,500 principle x 8% / 12 months). Lillian's intention is to finish the remodel within the 12 months and re-sell it for $403,000. If she succeeds she will earn a gross profit of $77,655 ($403,000 price - $170,500 principle amount - $139,500 cash at closing - $1,705 origination points - $13,640 in total interest payments.

Loan Example 2

Roland takes a bridge loan from Johnson Finance Corporation so he can rehab a house to re-sell in the Newport Shores neighborhood of Mercer Island, WA. The deal has the following terms:

Layla Capital is a direct, private bridge lender headquartered in New York, NY, and focused on making loans all around the East Coast and other major cities throughout the continental U.S.Layla provides loans ranging from $750,000 to $15,000,000 on property ...

A diverse portfolio of lending services, an experienced in-house underwriting staff, and theability to tailor financing options to a client's individual needs have made Global CapitalPartners a household name in New York's commercial lending industry. Global Capital Partnershas long provided ...

Anchor Loans is a California based Hard Money Lender. They provide loans in 46 states throughout the US. They are the largest Fix-and-Flip lender in the U.S. lending over $6.6 Billion life-to-date in total loan volume to real estate ...

LendingHome Corporation is a San Francisco, CA based private money lender providing loans in 25 states throughout the United States. They provide buy and hold loans, short term loans, and fix and flip loans. They issue ...

Visio Lending is a hard money lender based in Austin, TX providing loans in 39 states throughout the United States. They provide short term bridge loans, commercial loans, and fix-and-flip hard money loans. They provide rates ...

Fairfield Financial Services is private lender headquartered in Portland, OR. They provide funding in 11 states across the United States. They offer private commercial loans, hard money refinancing, fix-and-flip hard money loans, and short term bridge ...

T&M Commercial Funding is an Auburn, ME based private lender who provides loans in 47 states across the US. They provide lending solutions for a variety of situations and needs, including bridge loans and commercial hard money loans. ...

Temple View Capital is private lender headquartered in Bethesda, MD. They provide loans in 20 states throughout the US. They provide short term fix and flip loans, cash out loans, private commercial loans, loans for rental properties, ...

Patch of Land is an asset-based lender based in Los Angeles, CA offering funding all throughout the US. They offer short term bridge loans, private commercial loans, long term rental property loans, refinancing, and fix and flip loans. ...

Secured Investment Lending is private lender headquartered in Lake Mary, FL. They provide funding in 49 states throughout the country. They provide lending solutions for a variety of scenarios, including short term bridge loans, commercial loans, cash ...

Builders Capital is hard money lender headquartered in Seattle, WA. They offer loans throughout Washington and Oregon. They offer ground up construction loans, fix and flip loans, and short term bridge loans. They offer ...

Sunset Equity Funding is a hard money lender based in Los Angeles, California. They issue loans in all states except for Alaska, North Dakota, and South Dakota. Their loan offerings include purchase loans, fix and flip loans, new ...

Stratton Equities is the Nationwide leading hard money lender. We are passionate about helping small business owners, contractors, and Real Estate investors, swiftly and efficiently finance their investment goals. We customize our hard money loan programs for each unique project ...

Aero Capital Finance is a Kissimmee, FL based private lender. They provide loans in 18 states throughout the United States. They offer loans for a variety of scenarios, including private refinancing, fix and flip loans, hard money loans ...

Ascent Capital is a Northwest based private portfolio lending company. We have deep roots in the lending industry and take a disciplined approach to every real estate transaction we fund. Ascent is built on high standards, offering fair, ...

Windvest Corporation is a private lender based in San Diego, CA offering loans in Seattle, Portland, Phoenix, and Nashville. They offer loans for a variety of situations and needs, including investment property loans, hard money loans for commercial ...

Private Capital Northwest is hard money lender based in Lynwood, WA. They provide funding throughout Washington, Oregon, and Idaho. They provide short term bridge loans, hard money loans for commercial properties, builder loans, and short ...

Peer-to-Peer Trust Deeds is an asset-based lender in Walnut Creek, CA providing funding throughout Washington, Oregon, and California. They offer loans for many different situations, including short term fix and flip loans, new construction loans, loans for rental ...

Eastside Funding is a Kirkland, WA based private money lender. They offer loans throughout Washington, Oregon, and Idaho. They offer lending solutions for a variety of situations, including commercial loans, short term loans, fix-and-flip hard money loans, ...

Legacy Group Capital is private money lender headquartered in Bellevue, WA. They offer funding in Washington, Idaho, Arizona, and Oregon. They provide loans for a variety of scenarios, including commercial hard money loans, short term fix ...

Based in Santa Ana, CA, Unlimited Capital Group is a private lender offering loans in 15 states across the country. They offer loans for a variety of situations, including fix-and-flip loans, refinancing, bridge loans, loans for rental properties, commercial ...

Cherrywood Commercial is a Diamnond Bar, CA based private money lender who provides loans in 48 states throughout the United States. They provide lending solutions for many different situations, including short term bridge loans and commercial hard money loans. ...

Private Money Utah is a Salt Lake City, UT based hard money lender who provides loans throughout Chicago. They provide lending solutions for many different situations, including short term fix and flip loans, construction loans, commercial hard money loans, ...

ICG10 Capital is private lender headquartered in Aventura, FL. They offer loans in 44 states throughout the United States. They offer loans for many different scenarios, including short term loans, buy and hold loans, short term fix ...

CIVIC Private Money Lending is a Redondo Beach, CA based hard money lender offering funding in 10 states throughout the country. They provide loans for a variety of scenarios, including private refinancing, fix and flip hard money loans, hard ...

The Private Money Store Inc is a Spokane Valley, WA based private money lender who provides loans throughout Washington. They provide loans for many different needs and situations, including private commercial loans, hard money bridge loans, and fix-and-flip ...

Blue Matrix Holdings LLC is a Lakewood, WA based private lender who offers loans throughout Washington and Idaho. They offer loans for many different scenarios, including long term rental property loans, short term loans, short term fix and flip ...

Payette Financial Services is a Boise, ID based hard money lender offering loans in 10 states throughout the United States. They provide loans for a variety of needs and situations, including short term fix and flip loans, cash out ...

Gregory Russell is a Roseburg, OR based private lender. They offer loans in Washington. They offer loans for a variety of needs and situations, including hard money construction loans, fix-and-flip loans, private commercial loans, bridge loans, and ...

Asset Avenue is private money lender based in Los Angeles, CA. They provide loans in 44 states across the United States. They provide loans for a variety of needs and situations, including short term loans, investment property ...

Based in Colorado Springs, CO, Red Rock Capital is a private money lender providing loans in 42 states across the United States. They offer construction loans, bridge loans, fix-and-flip loans, and loans for investments properties. Their loan ...

Alternative Financial Services is a Spokane, WA based private lender providing funding throughout Washington, Idaho, Wyoming, and Arizona. They offer loans for many different situations, including fix-and-flip loans, short term bridge loans, construction loans, and private commercial ...

LendingOne is a Boca Raton, FL based private money lender. They provide loans in 41 states throughout the country. They provide loans for investments properties, short term loans, and short term fix and flip loans. They ...

Veristone Mortgage is private lender headquartered in Meridian, ID. They offer loans throughout Oregon, Washington, and Idaho. They provide loans for a variety of scenarios, including short term fix and flip loans, construction loans, hard money ...

Headquartered in Salt Lake City, UT, Taylor Derrick Capital is a hard money lender offering funding in 10 states across the country. They provide lending solutions for a variety of scenarios, including commercial loans, loans for rental properties, hard ...

Render Capital Group is a Hobart, IN based hard money lender. They offer loans in 15 states across the country. They offer loans for a variety of scenarios, including commercial hard money loans, hard money bridge loans, ...

Genesis Capital is a Woodland Hills, CA based private lender. They provide funding in 17 states throughout the United States. They offer ground up construction loans, bridge loans, buy and hold loans, fix-and-flip loans, private refinancing, and ...

Headquartered in Long Beach, NY, NLDS Corp is a private lender providing funding in 32 states throughout the US. They offer lending solutions for a variety of scenarios, including hard money bridge loans, fix-and-flip hard money loans, investment property ...

Sharestates is a Great Neck, NY based hard money lender. They provide loans in 46 states across the US. They offer lending solutions for a variety of needs and situations, including hard money loans for commercial properties, fix ...

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